Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h +0.041%

Price spread now: Injective against BloFin−0.106%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.106%, 7d avg +0.062%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.168% cheaper against BloFin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.062%). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.38	−0.0017	get 0.0017% / 8h	3h 16m	$341K	$168K	20x
Short	Injective AAPL/USDC PERP	339.02	0.0220	get 0.0028% / 1h	16m 12s	$191K	$44K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee InjectivebpOrdersPrice spread, now −0.106%Rate

Funding earned: $49.69
Price spread: −0.106% → +0.062%: −$16.84
Slippage, 4 orders: −$20.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $0.27
Costs to cover: 0.326%
Break-even: 7.0 days

Slippage from BloFin: live order book, 14 min ago; Injective: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 14 min ago	0.29 bp	6.4 bp −$6	8.2 bp −$82	20.3 bp −$2,028	doesn't fit
Sell Injective live order book, 38 min ago	9.89 bp	9.9 bp −$10	9.9 bp −$99	doesn't fit	doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0384%	4h	339.22	−0.046%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0082%	1h	339.33	−0.016%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTlong	−0.0017%	8h	339.38	long leg	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.30	−0.024%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.22	−0.046%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.32	−0.018%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	−0.024%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	−0.009%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.04	−0.100%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.37	−0.003%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.29	−0.028%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	−0.036%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	−0.024%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	−0.041%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.44	+0.018%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	−0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	−0.044%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	−0.047%	$781K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	−0.047%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	−0.077%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.077%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	−0.059%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.24	−0.041%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	−0.088%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.177%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	−0.027%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	−0.044%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.21	−0.050%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	−0.047%	$36K	—	20x	as long as short
Injective AAPL/USDC PERPshort	+0.0220%	1h	339.02	−0.106%	$191K	$44K	30x
Phoenix AAPL	+0.0236%	1h	339.31	−0.021%	$5K	$11K	20x	as long as short